Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Grows By 24.5%

Gaxos.ai Inc. (NASDAQ:GXAI) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 212,400 shares, an increase of 24.5% from the February 13th total of 170,600 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily volume of 6,450,000 shares, the short-interest ratio is presently 0.0 days.

Gaxos.ai Stock Performance

GXAI traded up $0.05 during trading on Monday, hitting $1.27. 192,008 shares of the company’s stock traded hands, compared to its average volume of 2,239,946. The company’s 50 day simple moving average is $1.62 and its two-hundred day simple moving average is $1.86. Gaxos.ai has a 12-month low of $1.01 and a 12-month high of $7.90.

Institutional Trading of Gaxos.ai

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Gaxos.ai during the 4th quarter valued at $29,000. Thoroughbred Financial Services LLC purchased a new stake in Gaxos.ai during the 4th quarter valued at $39,000. Finally, Virtu Financial LLC boosted its stake in Gaxos.ai by 151.8% during the 4th quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock valued at $75,000 after purchasing an additional 17,663 shares during the last quarter. 42.62% of the stock is currently owned by hedge funds and other institutional investors.

About Gaxos.ai

Gaxos.ai Inc engages in developing artificial intelligence applications for various sectors. Its portfolio includes applications in mental and physical wellbeing, coaching, and gaming. In addition, it offers Gaxos, a gaming platform develop, design, acquire, and manage conventional games and combine these games with unconventional game mechanisms.